Nissan's £1.12bn Investment to Boost UK Automotive Industry with Electric Models

In exciting motor trade news, Nissan has made a significant announcement that is set to bolster the UK automotive industry. The renowned Japanese automaker is gearing up to produce two new electric vehicle models, electrified versions of the popular Juke and Qashqai, at its Sunderland plant. This decision, welcomed by the government, comes with a staggering investment of £1.12 billion, aimed at safeguarding the employment of 6,000 workers at the northeast England facility.

This substantial investment is not only a boost to Nissan but also a boon to the UK economy. The government's plans include broader investments in infrastructure projects and the supply chain, with the construction of a new gigafactory dedicated to battery production, spelling out a potential £2 billion of fresh investments.

Prime Minister Rishi Sunak expressed his confidence in the UK's automotive industry, highlighting its £71 billion annual contribution to the country's economy. He described Nissan's investment as a massive vote of confidence, positioning Sunderland as the UK's Silicon Valley for electric vehicle innovation and manufacturing. Sunak emphasised the government's commitment to making the UK the best place for business and supporting companies like Nissan in their growth journey.

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Nissan's President and Chief Executive, Makoto Uchida, echoed this sentiment, emphasising the role of exciting electric vehicles in achieving carbon neutrality. He sees the EV36Zero project as a pivotal step towards an all-electric future for Nissan in Europe, with the Sunderland plant taking center stage in designing, engineering, and manufacturing these future-ready vehicles.

The Society of Motor Manufacturers and Traders (SMMT) also hailed the news as "tremendous," reinforcing the UK's attractiveness for electric vehicle production. Mike Hawes, SMMT Chief Executive, highlighted the positive impact on the company, its workforce, the region, and the entire UK supply chain, contributing to economic growth and decarbonisation.

Furthermore, the government has granted £15 million in funding to the Nissan Technical Centre in Cranfield, Bedfordshire, to bolster technical expertise and support zero-emission vehicle research and development, reinforcing the nation's commitment to sustainable mobility.

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Chancellor Jeremy Hunt emphasised that this announcement showcases the British economy's resilience and success, following recent tax reliefs for investment. The UK's continued support for businesses, as evidenced by Nissan's commitment, reinforces its position as the world's eighth-largest manufacturer.

Business Secretary Kemi Badenoch underlined the government's commitment to the automotive sector, highlighting that the forthcoming advanced manufacturing plan will build upon this investment, further supporting job creation and economic growth.

In the eyes of Sunderland Central's Labour MP, Julie Elliott, this investment signifies a bright future for the city, with a strong reputation for green technology. Nissan's pledge to produce electric models in the UK is a promising step towards a sustainable and prosperous automotive industry, positioning the nation as a frontrunner in the global electric vehicle market.

In conclusion, Nissan's substantial investment in the Sunderland plant promises a brighter future for the UK's automotive industry. This bold move towards electric vehicle production will not only secure jobs but also position the country as a hub for innovation and manufacturing in the electric vehicle era. To read the original article, visit cardealermagazine.co.uk.



source http://autoengage.co.uk/home-page-9252-9795-4532/b/nissans-112bn-investment-to-boost-uk-automotive-industry-with-electric-models

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